Loan Learning Center

The cost of college isn’t limited to tuition. Room and board, books, meals, transportation and more all need to be taken into consideration. We’ll help you learn about the financial aid available to you.

Yes. It’s a good idea to apply each year even if you were denied before. Needs analysis procedures and family financial situations change. And because college costs may increase, your eligibility may also change.

No. Financial aid isn’t just for lower income families. Many middle income families and even those with relatively high incomes can qualify. You can also receive scholarships based on academic merit, athletic ability or other special skills.

Once your loan is approved, funds are sent to your school by electronic funds transfer and credited to your student account. Talk with someone in your school’s financial aid office to learn their disbursement rules and schedule.

Yes. A student loan is a binding contract. Any unpaid student loan can damage your credit record and result in legal action. In the future, it may lessen your ability to qualify for credit cards and other loans. Repaying your student loan shows good financial responsibility, which helps establish you as a good credit customer. When you’re ready for major credit purchases, your good payment record will help you qualify.

Once your loan is approved, funds will be sent to your school by electronic funds transfer and credited to your student account. To learn about your school’s disbursement rules and schedule, contact the financial aid office.

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